V&A needs new cash boost, leaked report reveals

A leaked accountants’ report to the V&A Dundee board warned that financial sustainability remained a “key risk”

The V&A Dundee has been advised to seek a new financial settlement with the Scottish government after concerns were raised about the museum’s operating costs.

The £81 million project already has a multimillion-pound public funding package to meet revenue costs in its first ten years. A leaked accountants’ report to the museum board has warned that financial sustainability remained a “key risk”.

It said: “It is vital discussions with the Scottish government are concluded as soon as practical. Unless there is certainty over funding, decisions around the operational delivery will be affected and the board will need to urgently consider what activities could be cancelled. Without a funding solution for the short-term need, the adjusted business plan is not deliverable. Financial sustainability remains the key…

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